Billions of barrels of oil have been discovered at a site near Gatwick Airport in West Sussex, the largely rural county that could controversially become Britain's Texas. As much as 158 million barrels of oil per square mile could lie underground, according to UK Oil & Gas Investments, the small oil explorer which has been drilling at the Horse Hill site. The find is one of the biggest in recent years and the firm's chief executive Stephen Sanderson told the BBC, 'Based on what we've found here, we're looking at between 50 and 100 billion barrels of oil in place in the ground.' He estimated that 3 to 15 per cent of the oil could be recovered, which could mean anything between 1.5 and 15 billion barrels. By comparison, the North Sea has produced about 45 billion barrels in 40 years. At the current oil price of $58 a barrel, 7 billion barrels of oil would be worth £406 billion. Read more >>
The cartoon by Mac from the Daily Mail shows the front gardens of a row of terraced houses. In each garden there's a pile of earth and a big hole. We are meant to deduce that the homeowners are digging for oil. In one of the gardens, a woman in an apron stands over the hole holding a cup of tea. She shouts, 'Any luck yet?' Behind her is a collection of recipients (pots and pans, a jerrycan, and even a tin bath), presumably to collect the oil once it starts to flow. The headline on the newspaper lying on the garden table reads 'Huge Oil Find in South East'.
The woman is calling to her husband, who is digging the hole in the hope of discovering oil. 'Any luck yet?' is short for 'Have you had any luck yet?', i.e., 'Have you found oil yet?'